FXstreet.com (Barcelona) - The Pound has been beaten severely by a weaker than expected PMI earlier today, as the Swiss Trade Strategy team affirms: The GBP / USD took a severe beating this morning based on ugly UK economic data and is currently trading at 1.9620, near its support level of 1.9600. Further on, the Swiss Trade Strategy team expects the Sterling to correct up on the next sessions: We expect this support to hold for the time being because of the heavily oversold situation. Wait for a correction upwards before entering any short positions.